Natural catastrophes in Zimbabwe: a coverage for the most vulnerable populations

Zimbabwe has signed an agreement with the African Risk Capacity (ARC) and the World Food Programme (WFP) to get insured against natural catastrophes risks. Premiums paid by WFP and the State of Zimbabwe amount to 200 000 USD and 1 million USD respectively, that is a total of 1.2 million USD.

This project could entitle maximum compensation of 6.3 million USD to be paid to populations most exposed to natural events such as drought and floods. Zimbabwe was hit in 2019 by Tropical Cyclone Idai, which affected nearly 270 000 people.